Given Information:
Years = t = 35
Semi-annual deposits = P = $2,000
Compounding semi-annually = n = 2
Interest rate = i = 6.5%
Required Information
Accumulated amount = A = ?
Answer:
Accumulated amount = $515,827
Step-by-step explanation:
The future value of amount earned over period of 35 years and interest rate 6.5% with semi-annual deposits is given by
FV = PMT * ((1 + i/n)^nt - 1)/(i/n))
Where
n = 2
i = 0.065
t = 35
FV = 2000*((1 + 0.065/2)^2*35 - 1)/(0.065/2))
FV = 2,000*(257.91)
FV ≈ $515,827
Therefore, Anthony will have an amount of $515,827 when he retires in 35 years.
The answer 7980 divided by .19 =/is 42.
Answer:
39.75
Step-by-step explanation:
First, subtract 50 from both sides
200z + 50 - 50 = 8000 - 50
200z = 7950
Then isolate the variable by dividing both sides by 200
200z/200 = 7950/200
z=39.75
This system of equations is consistent and independent, because there is only one solution. the answer is C
